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Adviser admits deceiving elderly on high pressure will-writing sales

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  • 08/11/2013
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Adviser admits deceiving elderly on high pressure will-writing sales
A York-based financial adviser has admitted to deceiving will-writing customers about the availability of products.

Michael John Wild, 49, told customers of Minster Legal Associates LLP the products he could offer them were only available for short period of time on restricted terms, The Press reported. His unorthodox sales tactics were uncovered when elderly customers complained.

While Wild was pressuring clients, he was also awaiting sentence for spending more than £10,000 on his landlord’s credit card.

The adviser insisted he genuinely believed the products were only available on a short-term basis but acknowledged he should have checked his facts more thoroughly. He pleaded guilty at York Crown Court to engaging in unfair commercial practices.

In 2010, Wild received a credit card meant for his landlord, which he used to spend on car accessories. The fraud was discovered when Wild’s landlord pursued him for rent arrears.

While waiting to be sentenced in 2011, Wild found work as a financial adviser to the elderly. As well as providing will writing services, he acted as a consultant for funeral plans.

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